Manila: The Asian Development Bank (ADB) has lowered its economic growth forecasts for developing Asia amid a worsened global outlook.
The region’s economy is expected to grow 4.2 per cent this year and 4.6 per cent next year, ADB said in its recent Asian Development Outlook (ADO) Supplement, December 2022 supplement published on Wednesday. In the September supplement, ADB estimated that the economy in the region would grow 4.3 per cent in…